Schwab boosts new trading accounts 31% after fees go to zero
Charles Schwab Corp.’s free trading offer is turning out to be a hit, drawing in new customers at a fast clip.
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Sears to close 96 more stores, citing ‘difficult’ environment
The shutdown of 96 more Sears and Kmart locations will leave just 182 outlets for the company, which was once America’s biggest department store chain.
U.S. consumer sentiment improves for third straight month
The longest streak of sentiment gains in two years is the latest sign that low unemployment, record stock prices and Federal Reserve interest-rate cuts are brightening the outlook for consumers.
Fed expected to cut rates next week before hitting pause button
The Fed has already lowered rates twice this year, in July and September, not because officials forecast a steep downturn but because the risks of such a slump have mounted.
IRS lags on its plan to speed corporate audits
The IRS isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.
A third of the world’s consumers are suddenly nervous to spend
India and China, home to 2.8 billion people, are seeing a deepening retail gloom, with makers of everything from hair oils to motorcycles feeling the effects.
WeWork debacle casts cloud over IPO market for unicorns
Software stocks that constitute the biggest part of the U.S. equity market are teetering, and recent struggles by the cohort of tech unicorns looking to go public aren’t helping.
China halts NBA broadcasts as anger mounts over Hong Kong tweet
The move is the latest backlash over a tweet by a Houston Rockets executive last week that expressed support for Hong Kong’s pro-democracy protesters.
Startups with female founders raise more venture cash, study says
In earlier rounds, mixed-gender teams do just as well as those without women, but the advantage grows in the later stages of fundraising, the study found.
U.S. manufacturing sector falls into deeper recession
September marked the worst month for U.S. manufacturing in more than a decade—since June 2009—according to the closely watched Institute for Supply Management’s Manufacturing Index.
Buttigieg pitches himself to moderates as the Biden alternative
Despite raising a staggering $51 million for his presidential campaign in 2019, South Bend Mayor Pete Buttigieg has been stuck in fourth place, between 5% and 7% in national polls. Part of that is because he’s hard to define.
Forever 21 fashion chain files for Chapter 11 bankruptcy
Indianapolis-based Simon Property Group counts Forever 21 as its sixth-largest mall tenant, excluding department stores, with 99 outlets covering 1.5 million square feet, as of March 3.
UPDATE: Divided Federal Reserve cuts key rate for second time this year
The Federal Reserve cut its key benchmark interest rate while saying it’s prepared to continue doing what it deems necessary to sustain the U.S. economic expansion.
Opioid deal may set price for drug industry settlements
Purdue Pharma may have just set the starting point for determining what it will cost dozens of pharmaceutical companies to resolve legal liability over their role in creating the U.S. opioid epidemic.
U.S. retail sales show solid increase as auto-buying jumps
Figures released Friday showed August retail sales advanced more than forecast, while consumer sentiment rebounded from an almost three-year low.
Indicators in U.S. jobs market warn of possible weakness ahead
Two key indicators—hiring for temporary-help positions and weekly working hours—have declined this year even as unemployment has remained near a half-century low.
Banks fire up mortgage machines for expected refinancing boom
The mortgage industry has added almost 5,000 employees since March. It’s a stark reversal from a year ago, when the Federal Reserve was hiking interest rates and banks were cutting thousands of jobs.
U.S., China plan to have ‘a talk’ on trade, Trump says
President Donald Trump’s comments followed signs from China that it wouldn’t immediately retaliate against the latest U.S. tariff increase and wanted to focus on removing new tariffs, to prevent a further escalation of the trade war.
Retailer Forever 21 prepares for potential bankruptcy filing
A bankruptcy filing would help the company shed unprofitable stores and recapitalize the business. The retailer has four Indianapolis-area stores.
U.S., Japan agree in principle on trade deal focused on farmers
The U.S. and Japan agreed in principle on a trade deal under which Japan will slash tariffs on U.S. beef, pork and other agricultural products while continuing to face levies on its own auto exports.